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'Very Strong' Patenting Activity Boosts Income for Universities, AUTM Finds

from Science Magazine (blog)

The patents held by U.S. universities, hospitals, and other research institutions produced a total of $1.5 billion in licensing income and $2.5 billion in overall income for the institutions in 2011, according to a survey of 183 U.S. institutions by the Association of University Technology Managers (AUTM). Up 2.6 percent and 5 percent respectively from the previous year, these figures indicate "very strong" activity in licensing products and creating startup companies, "despite continuing economic difficulties," states a summary issued yesterday by AUTM. The survey also noted increases in the number of new patent applications the institutions filed (13,271, up 11 percent over the previous year), the number of companies they formed (671, up 3 percent), and the number of already established companies that remained in business (3,927, up 7 percent). Overall, 591 new products were commercialized in 2011. more

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